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    NRDY

    Nerdy Inc.

    Company overview

    Market capitalization
    —
    Employees
    500
    Latest publication
    2026-09-29
    About Nerdy Inc.

    Nerdy Inc. operates platform for live online learning in the United States. The company's platform uses artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group tutoring, large format classes, tutor chat, essay review, adaptive assessment, and self-study tools. The company operates Varsity Tutors and Varsity Tutors for Schools platform for live online tutoring and classes. It provides solutions directly to learners, as well as through education systems. Nerdy Inc. was founded in 2007 and is headquartered in Saint Louis, Missouri.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Total Revenue43,231,000USD
    Cost Of Revenue15,247,000USD
    Gross Profit27,984,000USD
    Selling And Marketing Expenses11,571,000USD
    General And Administrative Expenses22,889,000USD
    Total Operating Expenses34,460,000USD
    Operating Income-6,476,000USD
    Total Other Income Expense Net-346,000USD
    Interest Income325,000USD
    Interest Expense672,000USD
    Income Before Tax-6,822,000USD
    Income Tax Expense34,000USD
    Net Income-6,856,000USD
    Minority Interest-2,203,000USD
    SourceDisclosureDeterministicFinal

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USD
    Total Assets64,578,000USD72,967,000USD76,166,000USD70,412,000USD73,689,000USD83,032,000USD92,507,000USD106,759,000USD
    Cash And Equivalents38,424,000USD———————
    Total Current Assets46,356,000USD54,496,000USD58,174,000USD44,490,000USD47,639,000USD56,064,000USD64,714,000USD78,079,000USD
    Other Current Assets3,613,000USD5,051,000USD4,640,000USD5,284,000USD4,559,000USD4,791,000USD4,838,000USD5,653,000USD
    Other Non Current Assets1,596,000USD———————
    Total Liabilities38,638,000USD———————
    Total Current Liabilities17,178,000USD22,613,000USD25,625,000USD31,016,000USD22,411,000USD27,377,000USD28,327,000USD35,842,000USD
    Other Current Liabilities6,518,000USD———————
    Other Non Current Liabilities1,882,000USD———————
    Total Stockholder Equity17,276,000USD19,296,000USD19,009,000USD24,272,000USD31,827,000USD34,367,000USD39,479,000USD43,328,000USD
    Total Equity Including Noncontrolling Interest25,940,000USD———————
    Long Term Debt19,578,000USD19,450,000USD19,327,000USD—————
    Deferred Revenue6,235,000USD———————
    Net Receivables4,319,000USD4,747,000USD5,639,000USD6,496,000USD6,358,000USD6,351,000USD7,335,000USD7,424,000USD
    Property Plant Equipment Net10,221,000USD9,387,000USD8,683,000USD16,404,000USD16,306,000USD16,731,000USD17,148,000USD17,498,000USD
    Goodwill5,717,000USD———————
    Accounts Payable4,425,000USD4,725,000USD3,376,000USD5,624,000USD3,836,000USD4,215,000USD2,555,000USD5,808,000USD
    Retained Earnings-606,514,000USD-601,861,000USD-597,786,000USD-588,546,000USD-576,259,000USD-568,362,000USD-557,866,000USD-547,720,000USD
    Accumulated Other Comprehensive Income0USD36,000USD36,000USD77,000USD94,000USD44,000USD19,000USD68,000USD
    Intangible Assets—1,719,000USD1,893,000USD2,051,000USD2,232,000USD2,316,000USD2,430,000USD2,676,000USD
    Total Liab—44,038,000USD47,233,000USD33,355,000USD24,949,000USD30,160,000USD31,394,000USD38,953,000USD
    Other Current Liab—7,774,000USD7,768,000USD9,476,000USD8,220,000USD9,796,000USD8,707,000USD14,347,000USD
    Common Stock—19,000USD18,000USD18,000USD18,000USD18,000USD18,000USD18,000USD
    Capital Stock—19,000USD18,000USD18,000USD18,000USD18,000USD18,000USD18,000USD
    Good Will—5,717,000USD5,717,000USD5,717,000USD5,717,000USD5,717,000USD5,717,000USD5,717,000USD
    Cash—44,698,000USD47,895,000USD32,710,000USD36,722,000USD44,922,000USD52,541,000USD65,002,000USD
    Cash And Short Term Investments—44,698,000USD47,895,000USD32,710,000USD36,722,000USD44,922,000USD52,541,000USD65,002,000USD
    Current Deferred Revenue—10,114,000USD14,481,000USD15,916,000USD10,355,000USD13,366,000USD15,263,000USD15,687,000USD
    Net Debt—-25,248,000USD-28,568,000USD-32,710,000USD-36,722,000USD-44,922,000USD-51,613,000USD-65,002,000USD
    Short Long Term Debt Total—19,450,000USD19,327,000USD—2,538,000USD2,783,000USD928,000USD3,111,000USD
    Property Plant Equipment Gross—31,566,000USD30,206,000USD55,850,000USD53,884,000USD52,469,000USD51,208,000USD49,739,000USD
    Common Stock Shares Outstanding—124,295,000shares123,047,000shares121,666,000shares120,151,000shares118,456,000shares115,981,000shares113,287,000shares
    Non Current Assets Total—18,471,000USD17,992,000USD25,922,000USD26,050,000USD26,968,000USD27,793,000USD28,680,000USD
    Non Current Liabilities Total—21,425,000USD21,608,000USD2,339,000USD2,538,000USD2,783,000USD3,067,000USD3,111,000USD
    Non Current Liabilities Other—1,975,000USD2,281,000USD2,339,000USD2,538,000USD2,783,000USD3,067,000USD3,111,000USD
    Non Currrent Assets Other—1,648,000USD1,699,000USD1,750,000USD1,795,000USD2,204,000USD2,498,000USD2,789,000USD
    Net Working Capital—31,883,000USD32,549,000USD13,474,000USD25,228,000USD28,687,000USD36,387,000USD42,237,000USD
    Unclassified Equity—621,083,000USD616,723,000USD612,705,000USD607,956,000USD602,649,000USD597,290,000USD590,944,000USD
    Short Term Debt——————928,000USD—
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Total Assets76,166,000USD92,507,000USD124,744,000USD132,692,000USD177,145,000USD57,274,000USD58,791,000USD—
    Intangible Assets1,893,000USD2,430,000USD3,061,000USD3,574,000USD4,428,000USD8,534,000USD9,481,000USD—
    Other Current Assets4,640,000USD4,838,000USD4,815,000USD5,345,000USD6,165,000USD1,821,000USD2,307,000USD—
    Total Liab47,233,000USD31,394,000USD39,138,000USD51,642,000USD81,340,000USD455,735,000USD215,182,000USD—
    Total Stockholder Equity19,009,000USD39,479,000USD52,477,000USD46,928,000USD50,663,000USD-398,461,000USD-156,391,000USD—
    Other Current Liab7,768,000USD8,707,000USD9,345,000USD6,283,000USD6,727,000USD6,090,000USD4,024,000USD—
    Common Stock18,000USD18,000USD18,000USD16,000USD15,000USD86,000USD86,000USD—
    Capital Stock18,000USD18,000USD18,000USD16,000USD15,000USD6,793,000USD6,793,000USD—
    Retained Earnings-597,786,000USD-557,866,000USD-515,281,000USD-475,107,000USD-439,708,000USD-412,383,000USD-168,463,000USD—
    Good Will5,717,000USD5,717,000USD5,717,000USD5,717,000USD5,717,000USD5,717,000USD5,717,000USD—
    Cash47,895,000USD52,541,000USD74,824,000USD90,715,000USD143,964,000USD29,265,000USD25,044,000USD—
    Cash And Short Term Investments47,895,000USD52,541,000USD74,824,000USD90,715,000USD143,964,000USD29,265,000USD25,044,000USD—
    Total Current Assets58,174,000USD64,714,000USD95,037,000USD107,656,000USD155,450,000USD31,561,000USD28,109,000USD—
    Total Current Liabilities25,625,000USD28,327,000USD35,605,000USD37,331,000USD41,909,000USD34,341,000USD21,014,000USD—
    Current Deferred Revenue14,481,000USD15,263,000USD20,480,000USD25,539,000USD30,005,000USD17,270,000USD14,723,000USD—
    Net Debt-28,568,000USD-51,613,000USD-73,507,000USD-89,187,000USD-143,123,000USD18,314,000USD9,585,000USD—
    Short Long Term Debt Total19,327,000USD928,000USD1,317,000USD1,528,000USD841,000USD47,579,000USD34,629,000USD—
    Long Term Debt19,327,000USD————41,044,000USD34,629,000USD—
    Net Receivables5,639,000USD7,335,000USD15,398,000USD11,596,000USD5,321,000USD475,000USD758,000USD—
    Accounts Payable3,376,000USD2,555,000USD3,443,000USD3,199,000USD3,590,000USD4,446,000USD2,267,000USD—
    Property Plant Equipment Net8,683,000USD17,148,000USD16,388,000USD12,504,000USD10,718,000USD10,297,000USD12,878,000USD—
    Property Plant Equipment Gross30,206,000USD51,208,000USD43,494,000USD36,164,000USD28,467,000USD22,838,000USD21,034,000USD—
    Accumulated Other Comprehensive Income36,000USD19,000USD31,000USD-12,000USD136,000USD296,000USD176,000USD—
    Common Stock Shares Outstanding120,830,000shares111,695,000shares97,157,000shares85,873,000shares79,236,000shares83,875,000shares84,719,803shares83,875,000shares
    Non Current Assets Total17,992,000USD27,793,000USD29,707,000USD25,036,000USD21,695,000USD25,713,000USD30,682,000USD—
    Non Current Liabilities Total21,608,000USD3,067,000USD3,533,000USD14,311,000USD39,431,000USD421,394,000USD194,168,000USD—
    Non Current Liabilities Other2,281,000USD3,067,000USD3,533,000USD14,311,000USD39,431,000USD15,750,000USD——
    Non Currrent Assets Other1,699,000USD2,498,000USD4,541,000USD3,241,000USD832,000USD1,165,000USD2,606,000USD—
    Net Working Capital32,549,000USD36,387,000USD59,432,000USD70,325,000USD113,541,000USD-2,780,000USD7,095,000USD—
    Unclassified Equity616,723,000USD597,290,000USD567,691,000USD522,015,000USD490,205,000USD6,747,000USD5,017,000USD—
    Short Term Debt—928,000USD1,317,000USD1,528,000USD841,000USD6,535,000USD894,000USD—
    Other Assets——1USD316,000USD832,000USD1,165,000USD2,606,000USD—
    Unclassified Current Liabilities——1,020,000USD——-6,535,000USD——
    Other Liab———14,311,000USD39,431,000USD1,554,000USD——
    Inventory———3,708,000USD1USD1USD——
    Net Tangible Assets———37,637,000USD40,518,000USD374,997,347USD-178,296,000USD—
    Unclassified Current Assets———-3,708,000USD————
    Unclassified Non Current Liabilities———-14,311,000USD-39,431,000USD363,046,000USD159,539,000USD—
    Short Long Term Debt—————6,535,000USD——
    Unclassified Non Current Assets—————-1,165,000USD-2,606,000USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USDQ4 20242024-12-31 · USDQ3 20242024-09-30 · USDQ2 20242024-06-30 · USD
    Net Income-6,128,000USD-14,040,000USD-18,756,000USD-12,001,000USD-16,151,000USD-15,771,000USD-24,958,000USD-9,093,000USD
    Depreciation815,000USD1,621,000USD2,027,000USD1,996,000USD1,985,000USD1,973,000USD1,934,000USD1,873,000USD
    Stock Based Compensation5,978,000USD5,834,000USD6,847,000USD7,538,000USD7,588,000USD8,851,000USD9,812,000USD11,314,000USD
    Other Non Cash Items123,000USD7,835,000USD378,000USD3,434,000USD69,000USD3,226,000USD754,000USD-5,305,000USD
    Change To Account Receivables893,000USD857,000USD-138,000USD-7,000USD984,000USD89,000USD-179,000USD2,387,000USD
    Change In Working Capital-2,568,000USD-4,183,000USD7,458,000USD-4,578,000USD65,000USD-6,368,000USD10,159,000USD-4,377,000USD
    Total Cash From Operating Activities-1,780,000USD-2,933,000USD-2,424,000USD-7,045,000USD-6,444,000USD-11,315,000USD-3,053,000USD-5,588,000USD
    Capital Expenditures-1,182,000USD-1,319,000USD-1,718,000USD-1,158,000USD-1,175,000USD-1,163,000USD-1,945,000USD-1,534,000USD
    Free Cash Flow-2,962,000USD-4,252,000USD-4,142,000USD-8,203,000USD-7,619,000USD-12,478,000USD-4,998,000USD-7,122,000USD
    Total Cashflows From Investing Activities-1,182,000USD-1,319,000USD-1,718,000USD-1,158,000USD-1,175,000USD-1,163,000USD-1,945,000USD-1,534,000USD
    Total Cash From Financing Activities-250,000USD19,499,000USD——0USD0USD——
    Change In Cash-3,197,000USD15,185,000USD-4,144,000USD-8,200,000USD-7,619,000USD-12,461,000USD-5,020,000USD-7,122,000USD
    Begin Period Cash Flow47,895,000USD32,710,000USD36,854,000USD45,054,000USD52,673,000USD65,134,000USD70,154,000USD77,144,000USD
    End Period Cash Flow44,698,000USD47,895,000USD32,710,000USD36,854,000USD45,054,000USD52,673,000USD65,134,000USD70,022,000USD
    Other Cashflows From Financing Activities-250,000USD19,499,000USD————-1,945,000USD-1,534,000USD
    Investments——-1,718,000USD-1,158,000USD-1,175,000USD-1,163,000USD-1,945,000USD-1,534,000USD
    Unclassified Investing Cash Flow——1,718,000USD1,158,000USD1,175,000USD1,163,000USD1,945,000USD3,068,000USD
    Unclassified Operating Cash Flow———-3,434,000USD—-3,226,000USD——
    Other Cashflows From Investing Activities———————-1,534,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USDFY 20222022-12-31 · USDFY 20212021-12-31 · USDFY 20202020-12-31 · USDFY 20192019-12-31 · USDFY 20182018-12-31 · USD
    Net Income-60,948,000USD-67,142,000USD-40,174,000USD-63,908,000USD-30,679,000USD-24,663,000USD-22,439,000USD-25,377,000USD
    Depreciation7,629,000USD7,570,000USD6,772,000USD6,521,000USD6,389,000USD6,043,000USD5,009,000USD2,535,000USD
    Stock Based Compensation27,807,000USD41,089,000USD44,269,000USD47,244,000USD54,417,000USD1,730,000USD1,747,000USD1,405,000USD
    Other Non Cash Items7,904,000USD16,532,000USD-12,170,000USD-26,620,000USD-73,028,000USD1,115,000USD238,000USD7,000USD
    Change To Account Receivables1,696,000USD8,063,000USD-3,802,000USD-6,275,000USD-4,846,000USD283,000USD-239,000USD632,000USD
    Change In Working Capital-1,238,000USD2,880,000USD-6,257,000USD-11,239,000USD4,010,000USD9,121,000USD-873,000USD6,762,000USD
    Total Cash From Operating Activities-18,846,000USD-15,603,000USD-7,560,000USD-48,002,000USD-38,891,000USD-6,654,000USD-16,318,000USD-14,668,000USD
    Capital Expenditures-5,370,000USD-6,863,000USD-6,887,000USD-5,317,000USD-5,163,000USD-2,874,000USD-6,356,000USD-5,842,000USD
    Free Cash Flow-24,216,000USD-22,466,000USD-14,447,000USD-53,319,000USD-44,054,000USD-9,528,000USD-22,674,000USD-20,510,000USD
    Total Cashflows From Investing Activities-5,370,000USD-6,863,000USD-6,887,000USD-5,317,000USD-5,163,000USD-2,874,000USD-6,356,000USD-15,842,000USD
    Net Borrowings20,000,000USD0USD0USD0USD-39,000,000USD12,293,000USD25,000,000USD10,000,000USD
    Total Cash From Financing Activities19,499,000USD0USD-1,940,000USD-1,000,000USD159,250,000USD12,293,000USD24,387,000USD11,033,000USD
    Change In Cash-4,778,000USD-22,467,000USD-16,407,000USD-54,332,000USD115,197,000USD2,786,000USD1,741,000USD-19,490,000USD
    Begin Period Cash Flow52,673,000USD75,140,000USD91,547,000USD145,879,000USD30,682,000USD27,896,000USD26,155,000USD45,645,000USD
    End Period Cash Flow47,895,000USD52,673,000USD75,140,000USD91,547,000USD145,879,000USD30,682,000USD27,896,000USD26,155,000USD
    Other Cashflows From Financing Activities19,499,000USD—-1,940,000USD-1,000,000USD198,250,000USD-2,874,000USD-613,000USD1,033,000USD
    Unclassified Financing Cash Flow-20,000,000USD————-458,126,000USD——
    Investments—-6,863,000USD-4,901,000USD-5,317,000USD-5,163,000USD-2,874,000USD-6,356,000USD-15,842,000USD
    Unclassified Operating Cash Flow—-16,532,000USD——————
    Unclassified Investing Cash Flow—6,863,000USD4,901,000USD5,317,000USD5,163,000USD452,874,000USD6,356,000USD5,842,000USD
    Change To Liabilities———-4,857,000USD11,879,000USD1,193,073USD979,000USD5,017,000USD
    Change To Inventory————-3,023,000USD4,112,000USD-1,613,000USD1,113,000USD
    Cash And Cash Equivalents Changes————115,196,000USD509,002USD——
    Sale Purchase Of Stock—————461,000,000USD——
    Other Cashflows From Investing Activities—————-450,000,000USD——
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q2 2022Quarterly · 2022-06-30ProductGroup Classes5,488,000USD0001819404-22-000076
    Q2 2022Quarterly · 2022-06-30ProductOne On One Instruction35,972,000USD0001819404-22-000076
    Q2 2022Quarterly · 2022-06-30ProductOther Revenue726,000USD0001819404-22-000076
    Q1 2022Quarterly · 2022-03-31ProductGroup Classes6,354,000USD0001819404-22-000048
    Q1 2022Quarterly · 2022-03-31ProductOne On One Instruction39,039,000USD0001819404-22-000048
    Q1 2022Quarterly · 2022-03-31ProductOther Revenue1,532,000USD0001819404-22-000048
    FY 2021Yearly · 2021-12-31ProductIn Person0USD0001819404-22-000016
    FY 2021Yearly · 2021-12-31ProductOnline140,664,000USD0001819404-22-000016
    Q3 2021Quarterly · 2021-09-30ProductIn Person0USD0001819404-21-000017
    Q3 2021Quarterly · 2021-09-30ProductOnline31,298,000USD0001819404-21-000017
    Q2 2021Quarterly · 2021-06-30ProductGroup Classes2,560,000USD0001819404-22-000076
    Q2 2021Quarterly · 2021-06-30ProductOne On One Instruction28,800,000USD0001819404-22-000076
    Q2 2021Quarterly · 2021-06-30ProductOther Revenue1,426,000USD0001819404-22-000076
    Q1 2021Quarterly · 2021-03-31ProductGroup Classes1,850,000USD0001819404-22-000048
    Q1 2021Quarterly · 2021-03-31ProductOne On One Instruction30,860,000USD0001819404-22-000048
    Q1 2021Quarterly · 2021-03-31ProductOther Revenue1,855,000USD0001819404-22-000048
    FY 2020Yearly · 2020-12-31ProductIn Person6,528,000USD0001819404-22-000016
    FY 2020Yearly · 2020-12-31ProductOnline97,440,000USD0001819404-22-000016
    Q3 2020Quarterly · 2020-09-30ProductIn Person0USD0001819404-21-000017
    Q3 2020Quarterly · 2020-09-30ProductOnline26,396,000USD0001819404-21-000017
    FY 2019Yearly · 2019-12-31ProductIn Person26,074,000USD0001819404-22-000016
    FY 2019Yearly · 2019-12-31ProductOnline64,378,000USD0001819404-22-000016

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.